The focus will shift to the US consumer with retail sales and Walmart earnings Thursday
On Thursday, the focus of US markets will shift from inflation to the health of the consumer. Interest rates are…
Category: Forex News
Gold fails at $2475 once again
Gold is down 1% today after a third failure near $2475. It’s still higher on the week after it shot…
US stocks accelerate gains into midday
The market is feeling better and better about a recovery from the August rout. AI stocks are rebounding and the…
The euro has now erased all of this year's losses
The euro is now back to flat on the year. It opened at 1.1036, fell as low as 1.0601 on…
US equities set to open slightly higher
It’s been an uneventful pre-market and relatively steady since the close yesterday. There was a slight ‘sell the fact’ trade…
US dollar chops after CPI as USD/JPY climbs
The days of CPI as a major market mover are over. As I suspected, there was something of a ‘sell…
ForexLive European FX news wrap: UK core inflation softens, markets await US CPI
Headlines: UK July CPI +2.2% vs +2.3% y/y expected Traders now see BOE decision in September to be a coin…
US MBA mortgage applications w.e. 9 August +16.8% vs +6.9% prior
Prior +6.9% Market index 251.3 vs 215.1 prior Purchase index 137.7 vs 133.9 prior Refinance index 889.3 vs 661.4 prior…
Eurozone Q2 GDP second estimate +0.3% vs +0.3% q/q prelim
No changes to the initial estimate as the euro area economy is seen expanding slightly in Q2. The economic challenge…
Eurozone June industrial production -0.1% vs +0.5% m/m expected
Prior -0.6%; revised to -0.9% That’s a miss alongside a negative revision to boot. But at least it doesn’t take…